CRISIL Ratings has reaffirmed its ratings for Balkrishna Industries Limited (BIL) facilities as of February 27, 2026. The Long Term Rating for bank facilities totaling Rs. 2000 Crores has been reaffirmed at Crisil AA+/Stable. Furthermore, the Short Term Rating and the rating for the Rs. 500 Crore Commercial Paper were both reaffirmed at Crisil A1+, indicating a very strong degree of safety.
Credit Rating Review Outcome
Balkrishna Industries Limited (BIL) has received confirmation regarding the review of its existing credit ratings from CRISIL Ratings, effective February 27, 2026. The review covered both the company’s total bank loan facilities and its Commercial Paper issuance, all of which remain under continuous surveillance.
Rating Confirmation Details
The key rating actions confirmed the strength of BIL’s financial standing:
- Total Bank Loan Facilities Rated: Rs. 2000 Crores
- Long Term Rating: Crisil AA+/Stable (Reaffirmed)
- Short Term Rating: Crisil A1+ (Reaffirmed)
- Commercial Paper (CP) Rating: Crisil A1+ (for the Rs. 500 Crores issuance, indicating lowest credit risk).
Bank Facility Breakdown
The Rs. 2000 Crore rated facilities comprise various instruments across several banks. The facilities rated Crisil AA+/Stable include Cash Credit, Proposed Long Term Bank Loan Facility, and Term Loan instruments, totaling Rs. 1320 Crores across ICICI Bank, Citibank N.A., and Kotak Mahindra Bank.
The majority of the facilities, categorized under short-term instruments like Letters of Credit & Bank Guarantees and Packing Credit, are rated Crisil A1+. These instruments, totaling Rs. 680 Crores, are spread across banks including YES Bank, ICICI Bank, The Hongkong and Shanghai Banking Corporation Limited, and Standard Chartered Bank.
Commercial Paper Specifics
The rating for the Rs. 500 Crore Commercial Paper was confirmed as Crisil A1+. This rating is valid for 60 calendar days from the letter date for placement purposes, and once issued, the rating is valid for the life of the instrument, up to a maximum maturity of one year.
Source: BSE
